Which of the following is TRUE of the European Union's cap-and-trade program?
A) Firms are taxed based on the their pollution levels.
B) Firms are forced to shut down when they exceed their pollution limits.
C) Governments subsidize firms to develop devices to reduce pollution.
D) Firms can trade pollution permits to meet their pollution limits.
D
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Suppose a lottery ticket costs $1 and the probability that a holder will win nothing is 99%. What must the jackpot be for this to be a fair bet?
a. 10 b. 100 c. 1,000 d. 10,000
If we want to produce more capital goods during the present time period, we must
a. increase current consumption. b. lower future consumption. c. reduce current consumption. d. reduce our savings rate.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point E to Point A, the opportunity cost of hybrid cars, measured in terms of motorcycles
A. increases. B. initially increases, then decreases. C. decreases. D. remains constant.
What are the functions of money?
What will be an ideal response?